The Debt Limit Crises
President Obama, U.S. Treasury Secretary Timothy Geithner and other economists
have warned that if Congress does not raise the national debt ceiling by Aug. 2, the
government is at risk of defaulting on its debt obligations and triggering a global
financial crisis. Just how serious is this assessment? According to CU-Boulder
economists Jay Kaplan and Richard Wobbekind the United States and the world will
suffer serious economic consequences if the debt limit is not raised.
Listen to Kaplan talk about the debt limit dilemma at this link:
United States Debt Limit Dilemma • Jay Kaplan
http://colorado.edu/news/broadcast/
Attached to this e-mail is an audio file of what Wobbekind has to say about the debt
limit crises.
Jay Kaplan can be reached by calling 303-492-2651, or e-mail Kaplan@colorado.edu.
Richard Wobbekind can be reached by calling 303-492-1147, or e-mail
Richard.wobbekind@colorado.edu.